Today’s cryptocurrency price: Solana surges to the top while popular coins trade sideways

An overview of the cryptocurrency market on July 6: The total market capitalization decreased to $1.19 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin, was able to hold steady around the $30,000 mark early on Thursday as most currencies saw a mixed day of gains and losses. Popular cryptocurrencies including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) also experienced slight fluctuations. With a 24-hour increase of around 2 percent, Solana (SOL) turned out to be the highest gainer of the group. Ziliqa (ZIL), which lost about 9 percent over the course of a day, was the largest loser.

At the time of writing, the market capitalization of all cryptocurrencies was $1.19 trillion, down 1.33 percent over the previous day.

Price of Bitcoin (BTC)

According to CoinMarketCap, the price of one bitcoin today was $30,517.78, a 1.08 percent decline over the previous 24 hours. Bitcoin was trading at Rs. 26.32 lakh, according to Indian market WazirX.

Price of Ethereum (ETH) Today

At the time of writing, the price of ETH was $1,914.24, reflecting a 1.32 percent 24-hour decline. According to WazirX, the price of ethereum in India was Rs 1.65 lakh.

Price of Dogecoin (DOGE) Today

According to statistics from CoinMarketCap, the 24-hour loss for DOGE, which is presently trading at $0.06713, was 2.54%. Dogecoin’s price in India was Rs 5.80, according to WazirX.

Price of Litecoin (LTC) Today

 Litecoin had a 1.90 percent 24-hour decline. It was trading at $103.60 at the time of publishing. The cost of LTC was Rs 8,676.47 in India.

Price of Ripple (XRP)

The price of XRP was $0.4778 today, down 2.64 percent over the last 24 hours. The price of ripple was Rs 41.25, according to WazirX.

Price of Solana (SOL)

Solana’s price was $19.60 today, up 1.63 percent over the previous day. According to WazirX, the cost of SOL in India was Rs 1,699.89.

Top Cryptocurrency Gainers for July 6th

Here are the top five cryptocurrency gainers during the last day, according to statistics from CoinMarketCap:

Solana (SOL)

Price: $19.60

Gain per day: 1.80%

Filecoin (FIL)

Price: $4.62

Gain per day: 1.01 %

Monero (XMR)

Price: $166.70

Gain per day: 0.28 percent

Cronos (CRO)

Price: $0.05781

Gain per day: 0.24 %

Bitcoin Cash (BCH)

Price: $276.99

Gain per day: 0.11 %

Top Crypto Losers for Today (July 6)

Here are the top five cryptocurrency losers for the previous day, according to statistics from CoinMarketCap:

Ziliqa (ZIL)

Price: $0.02167

24-hour loss: 8.65%

BitDAO (BIT)

Price: $0.4646

24-hour loss: 7.24 %

Fantom (FTM)

Price: $0.2964

24-hour loss: 6.37 percent

Render Token (RNDR)

Price: $1.96

24-hour loss: 6.28 percent

Mina (MINA)

Price: $0.4821

24-hour loss: 5.98%

What Crypto Exchanges Have To Say About the Situation in the Market

According to Edul Patel, co-founder and CEO of Mudrex,

“Bitcoin faced a downward trend after the release of the Federal Open Market Committee (FOMC) minutes. However, optimistic comments from the CEO of BlackRock prevented a further decline, and the cryptocurrency remained stable above the $30,400 threshold. Although it briefly exceeded $31,000 earlier this week, Bitcoin is presently consolidating its position above $30,000 as the bullish momentum waned. It is essential to monitor the cryptocurrency’s proximity to the significant resistance level of $31,000 in the short term.”

Edul Patel

According to Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, “There has been slight selling pressure in the crypto market in the last 24 hours. The global crypto market capitalisation, however, continues to be above $1.2 trillion. The crypto fear and greed index is down by 5 points but remains in the greed zone with a score of 56/100.”

Rajagopal Menon, Vice President of WazirX said “Crypto’s positive price movement has set the tone for bigger prospects in Web3. However, should its attempt of hitting $31,000 be quashed, we could witness a surge in the sale of tokens. Altcoins have also been showing signs of growth following Bitcoin’s trajectory and it could be an opportunity for projects to leverage their communities and tap into this growth phase. »

“FOMC minutes came out last night, anticipating rate hike pause, and expecting recession later this year, Bitcoin fell slightly to that news, Bitcoin is currently facing resistance at $31,000 as technical analysis suggests. However, it managed to hold just above that level at around $30,050. The presence of a bearish candle on the daily time frame indicates a strong possibility of a bearish correction. »

Sathvik Vishwanath

According to Shivam Thakral, CEO of BuyUCoin,

“The crypto market has shown remarkable growth over the past 24 hours, with a total volume of $32.22 billion, representing a significant 9.08 percent increase. Within this market, the decentralised finance (DeFi) sector has demonstrated its strength, contributing $2.74 billion in volume, which accounts for 8.49 percent of the overall crypto market volume. Amidst these developments, Bitcoin holds a price of $30,468, continuing to play a central role in the cryptocurrency landscape.”

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